Monday, April 17, 2017

Pier 1 to close up to 25 stores in the coming years

Pier 1 Imports, Inc. on Wednesday reported fourth quarter net sales fell 2.6% and its average number of stores declined some 3%. Same-store sales rose 0.2% and e-commerce rose 28% compared to the same period a year ago.

The company said it expects to close between 20 and 25 stores in the “next couple of years.” . . more